We might be about to see the ending of the BTC bull.
Bitcoin / U.S. dollar BITSTAMP:BTCUSD
I think for the bull thesis for BTC to trade to ATH any time within the foreseeable future (I mean years, not days or weeks) bulls have to be able to hold 27 – 28K. If 25K is broken, I think the bull trend has failed. We might be soon heading into the swing where this big decision is made. If we go fast through 27K , I do not think we’re going to see a BTC high for many years to come. It could be over 5 years if we extrapolate the timeframe of the 2018 bear onto current times.
